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Cable Update (GBPUSD)

  • #223,041
  • Apr 30, 2010 8:15am Apr 30, 2010 8:15am
Quoting cloggie
Failed, closed my short. Sitting on the sideline for now.
cloggs, hope you made yourself a orange background to your trading screen... If I got it right its queens day no?
@pawpaw1000 on Twitter
  • #223,042
  • Apr 30, 2010 8:15am Apr 30, 2010 8:15am
We discussed MM yesterday and doing the calculations on a spreadsheet. I am intending to post my spreadsheet to this thread this weekend. I will be removing most of my data from it and just keep some old data as an example so that people can see how these calculations are performed for calculating the correct lot size when placing trades keeping to 2%. I hope it will be of some benefit to some people.
  • #223,043
  • Apr 30, 2010 8:16am Apr 30, 2010 8:16am
Quoting pawpaw1000
cloggs, hope you made yourself a orange background to your trading screen... If I got it right its queens day no?
  • #223,044
  • Apr 30, 2010 8:18am Apr 30, 2010 8:18am
Quoting Magix
A little observation here...

True daily open, when the clocks and price reset on brokers world wide, but fails to be the daily open on most mt4 charts.

The red line is the true daily open and shows that prior to this morning, we have been buying this line, all green circles. The red circle is where we have started selling this line...when support becomes resistance.

Now, we have needed to retrace the retraced retrace, which has been done, the only thing is, we currently sit below daily support with an h4 negative cross....

An observation...
Nice observation!
  • #223,045
  • Apr 30, 2010 8:18am Apr 30, 2010 8:18am
Quoting bbakker

Lang leve de Koningin
  • #223,046
  • Apr 30, 2010 8:20am Apr 30, 2010 8:20am
Quoting cloggie
Lang leve de Koningin
mooi, nou praat jy my taal!

Got a buy signal so am just waiting for a good entry and I'm long looking at todays high...
and a break of 27... mmm... with s/l at 5290 that gives me a rr of 1.5
@pawpaw1000 on Twitter
  • #223,047
  • Apr 30, 2010 8:23am Apr 30, 2010 8:23am
Quoting pawpaw1000
mooi, nou praat jy my taal!

Got a buy signal so am just waiting for a good entry and I'm long looking at todays high...
I am going to ignore the long side here and will be looking to short again higher up, unless 53545 gives.
  • #223,048
  • Apr 30, 2010 8:24am Apr 30, 2010 8:24am
Quoting lexazver
poubnd should continue up today, but in ordr for it to continue it needs to retrace some, i got pending buys at 1.5320, 1.53 and 1.5280 with stop on all at 1.5265

riigiht this PA made me change my mind.

Closed pending buy at 80, and set stop for the 2 longs triggered at 1.5282 which is 30 pips away from my curernt average price...

EDIT : sorry stop at 72 which would make it 40pip damn realy indecided today.....
  • #223,049
  • Apr 30, 2010 8:26am Apr 30, 2010 8:26am
Quoting Bull_Bear
You know how I roll mate

yessir
Thank You
  • #223,050
  • Apr 30, 2010 8:26am Apr 30, 2010 8:26am
Quoting pawpaw1000
mooi, nou praat jy my taal!

Got a buy signal so am just waiting for a good entry and I'm long looking at todays high...
and a break of 27... mmm... with s/l at 5290 that gives me a rr of 1.5
This is a possible turning point. It is testing the 200ma on m5 and my SL which has locked in 25 pips is above it. I still think we might be heading down, but EU is having other ideas at the moment and that could well give cable the impetus to go north again.
  • #223,051
  • Apr 30, 2010 8:28am Apr 30, 2010 8:28am
Quoting cloggie
Lang leve de Koningin

te drinken, dat

enjoy the weekend fellas.
Thank You
  • #223,052
  • Apr 30, 2010 8:30am Apr 30, 2010 8:30am
Quoting wormboy
te drinken, dat

enjoy the weekend fellas.

Thanks Wormy enjoy the long weekend, with London closed it will be quiet Monday.
  • #223,053
  • Apr 30, 2010 8:31am Apr 30, 2010 8:31am
Quoting bbakker
This is a possible turning point. It is testing the 200ma on m5 and my SL which has locked in 25 pips is above it. I still think we might be heading down, but EU is having other ideas at the moment and that could well give cable the impetus to go north again.
Saying that, they have been doing the complete opposite since early this morning EU up... cable down... Freaky Friday!
  • #223,054
  • Apr 30, 2010 8:33am Apr 30, 2010 8:33am
Quoting cloggie
Thanks Wormy enjoy the long weekend, with London closed it will be quiet Monday.
It's a bank holiday and the weather forecast looks typical Britain... fooooking rain!
  • #223,055
  • Apr 30, 2010 8:39am Apr 30, 2010 8:39am
Quoting bbakker
Saying that, they have been doing the complete opposite since early this morning EU up... cable down... Freaky Friday!
Weeeeeeeeee! 1st target reached
  • #223,056
  • Apr 30, 2010 8:40am Apr 30, 2010 8:40am
Quoting wormboy
yessir
Wormie whats with the sir.

You give me too much respect Sir Wormie
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #223,057
  • Apr 30, 2010 8:42am Apr 30, 2010 8:42am
Quoting Bull_Bear
Wormie whats with the sir.

You give me too much respect Sir Wormie
We have the knights of the round table on here
  • #223,058
  • Apr 30, 2010 8:44am Apr 30, 2010 8:44am
Quoting bbakker
We have the knights of the round table on here

What Arthur and BSaLot?
  • #223,059
  • Apr 30, 2010 8:46am Apr 30, 2010 8:46am
Quoting bbakker
This is a possible turning point. It is testing the 200ma on m5 and my SL which has locked in 25 pips is above it. I still think we might be heading down, but EU is having other ideas at the moment and that could well give cable the impetus to go north again.
yeah, agree with u here man
  • #223,060
  • Apr 30, 2010 8:46am Apr 30, 2010 8:46am
Quoting bbakker
We have the knights of the round table on here
aye everyone is an equal.
Veni, Vidi, Vici (We came, we saw, we conquered)
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